Application Software Startup Seeking Loan in Noord, Aruba
Company that developed student cards with cashless system/attendance system seek loan, 15 school contracts acquired.
This transaction has concluded.
| Established | 1-5 year(s) |
| Employees | 2 - 5 |
| Legal Entity | Sole Proprietorship/Sole Trader |
| Reported Sales | Nil |
| Run Rate Sales | USD 50 thousand |
| EBITDA Margin | 30 - 40 % |
| Industries | Application Software |
| Locations | Noord |
| Local Time | 2:21 AM America / Aruba |
| Listed By | Business Owner / Director |
| Status | Active |
Seeking Loan
USD
28 thousand
for
15.0%
annual interest,
2
years
(Native Currency: AWG 50,000)
Reason: To be able to expand our software services to more institutions; marketing efforts, and hire a full-...
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Collateral Available: USD 0
Includes physical assets worth
USD
8.3 thousand
Interested to connect with advisors
Documents
How it Works Video
(3.5 MB)
Benefits Poster
(925.6 KB)
KVK Identification (front)
(135.6 KB)
KVK Identification (back)
(122.6 KB)
Business Overview
- Within 5 months of going public with our services, we have received more than 15 signed institutions and have signed contracts with Aruba's 3 largest school boards for launching further schools on our expandable software beginning of next year.
Our revenue model depends on numerous factors;
- Amount of students.
- Features desired on the cards.
- Amount of classrooms (sensors to be installed)
For example, if a school has 500 students, then we charge AWG 10-12 per card, but when a school has around 100 students then we charge AWG 15-20 per card.
- We estimate by the end of next year, we will be operating in ~50 educational institutions or more.
- We have recently also received international interest to operate in surrounding islands, which we plan to do by the next school year.
Our revenue model depends on numerous factors;
- Amount of students.
- Features desired on the cards.
- Amount of classrooms (sensors to be installed)
For example, if a school has 500 students, then we charge AWG 10-12 per card, but when a school has around 100 students then we charge AWG 15-20 per card.
- We estimate by the end of next year, we will be operating in ~50 educational institutions or more.
- We have recently also received international interest to operate in surrounding islands, which we plan to do by the next school year.
Products & Services Overview
We manufacture student cards and integrate them with our own:- Cashless software.
- Attendance software (check-in & check-out)
- Student information system.
Other than profiting from the lease of the smart cards software (s), we also profit from additional methods:
- Lanyards to hold student cards (card-holders)
- Canteen inventory system & cashless canteen POS System.
- Making & distributing our hardware for check-in and check-out.
Currently, there are no other products/services in the region with the same purpose interests, and use.
Our services are fully directed towards the Educational Sector, primarily among:
- Primary schools.
- Secondary schools.
- Colleges.
- Universities.
Additional also available to:
- Gyms.
- Clubs.
- Teams.
To track and note entrances/exits automatically.
Assets Overview
- Check-in and check-out hardware.- Cashless devices.
- Lanyards.
- Student smartcards.
- Attendance software.
- Cashless software (closed-loop)
- Student information system.
Facilities Overview
No facility. - An office room at personal residential address.(Storage room & office room)
Capitalization Overview
- The business is funded entirely by the profits gained from clients, as of the present time, we have only one outstanding loan, for which we are paying a monthly recurring amount of (AWG 350) to finalize payment of the (AWG 1,950) within 6 months.- Company has 1 director.
Recent Activity
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Earlier than 15 daysPartner, Business Advisory, Mumbai, Individual Investor / Buyer connected with the Business
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